4846 W 111th Place, Inglewood, California 90304, Inglewood, 90304 - 0 bed, 0 bath
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4846 W 111th Place
Inglewood, California 90304
ACTIVE
CONDITION: GOOD
0Beds
0Baths
2,301Sq Ft
11,152Lot Size
Property Price
LIST PRICE$1,050,000
EST. MARKET VALUE
$1,035,494
SUMMARY
This Triplex Residential Income property is a High-Potential Investment Opportunity, listed at $1,050,000—positioned slightly above the $1,035,494 Fair Market Value. Featuring a Condition Rating of 3, the property includes one recently remodeled unit with modern finishes, while the expansive 11,152 sqft lot offers significant ADU development potential. With three 3-bedroom, 2-bath units and established long-term tenants, this asset provides immediate rental income stability. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a house-hack strategy in a high-demand Inglewood location.
Estimated Market Value
$1,035,494
Based on Realkey algorithm analyzing recent comparable sales in Inglewood.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4846 W 111th Place Subject | $1,050,000* List Price | 0 | 0 | 2,301 | $450 | - |
A 10502 Ravenswood Active | $969,000 List Price | 0 | 0 | 2,226 | $435 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
While the property was built in 1922, one unit has been recently remodeled (<5 years) with new kitchen cabinets, appliances, fresh paint, and laminate flooring. The overall triplex is well-maintained and functional for tenants, though the exterior concrete and the other two units likely feature older systems and finishes consistent with a 'Good' rating.
PROSSTRENGTHS & OPPORTUNITIES
- High-Density Income Potential
The property features three separate 3-bedroom, 2-bath houses on a single lot, offering a rare configuration that maximizes rental income potential, estimated at up to $90,000 annually.
- Expansive Lot with ADU Potential
Sitting on a generous 11,152 sqft lot, the property provides significant space for potential ADU additions, a proven value-add strategy in this high-demand Inglewood submarket.
- Owner-User Ready
One unit has been comprehensively remodeled with new cabinetry, appliances, and flooring, making it an ideal turnkey option for an owner-occupant looking to house-hack.
CONSRISKS & DEFICIENCIES
- As-Is Condition & Financial Uncertainty
The property is being sold in as-is condition with incomplete expense records from the property manager, requiring thorough due diligence to uncover potential maintenance or operational liabilities.
- High Utility Overhead
Reported water and trash expenses are unusually high at over $5,000, which may indicate plumbing inefficiencies or high tenant usage that could compress the property's net profit margins.
About 4846 W 111th Place
Three houses on a large lot with plenty of parking, each with 3 bedrms and 2 baths. Unit 4848 is nicely remodeled throughout with newer cabinets and new appliances in the kitchen, fresh paint, laminate wood flooring, and has washer/dryer hookups in the back! Ideal for an owner occupant. It also has a small yard area for pets! Only one block to the middle school. With potential rent on unit 4848, the income can possibly be $90k/yr but Buyer to verify. Many homes in the area are updated. Conveniently located. The other two units have excellent long-term tenants, and each separate home has laundry hookups- a great advantage when renting! The front house has a laundry room inside, a large yard area and a patio area in the back. There are two enclosed garages with additional income- $180/mo for garage (4846) and $110/mo (4842). Other properties in the area with much smaller lots have added ADUs! Property has been maintained and being sold as-is. Expenses are incomplete from property manager. Water ($5133) probably includes trash.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1922
- Lot Size
- 11,152 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Inglewood Unified Schools
Buford Elementary School
Grades K-5 • 0.2 mi
6/10
Jefferson Elementary School
Grades K-5 • 0.6 mi
6/10
Felton Elementary School
Grades K-5 • 0.6 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 2,301 | 2,746.25 |
| Lot Size | 11,152 | 7,862 |
| Price | $1.05M | $911.5K |
| Price per sq ft | $456 | $21.5K |
| Built year | 1922 | 1958 |
| HOA | $0 | $0 |
| Days on market | 15 | 117 |
Pricing History
Listed for Sale
Aug 25, 2026
$1,050,000
Initial Listing